Assumed Debt definition

Assumed Debt has the meaning set forth in Section 2.2.

Assumed Debt means the Indebtedness set forth on Schedule 1.01(a) hereto.

Assumed Debt has the meaning assigned to such term in Section 9.02(j).

Examples of Assumed Debt in a sentence

• Purchaser shall use reasonable best efforts to enter into definitive financing agreements with respect to the Purchaser Assumed Debt so that such agreements are in effect as promptly as practicable but in any event no later than the Closing.

• Except as provided in Section 8.6(b) or with respect to obligations of Lyondell existing as of January 1, 2002 with respect to Lyondell Assumed Debt, no Partner may guarantee or provide other credit or financial support for all or any portion of any debt, including any refinancing of the Bank Credit Agreement or any uncommitted lines of credit of the Partnership.

• Seller shall have delivered to Buyers: (i) pay-off letter(s) and Lien releases from each holder of Indebtedness (other than Assumed Debt) of the Transferred Entities, in each case in form reasonably satisfactory to Buyers; and (ii) evidence that the Transferred Entities have been released from all guarantee and other obligations with respect to any Indebtedness of Seller or its Affiliates (other than the Transferred Entities).

• The Purchase Price shall be (i) decreased dollar-for-dollar by the amount of Assumed Debt (as described in Section 5.7), and (ii) increased by the amount of the Benefit Expense Proration.

• Seller’s calculations set forth in the Estimated Closing Statement (collectively, the “Estimated Purchase Price Calculations”) shall be delivered with reasonable supporting detail with respect to the calculation of such amounts and the components thereof, including, without limitation, customary payoff letters (including payoff amounts and wire instructions) from each of the holders of the Closing Date Indebtedness (other than Assumed Debt).

More Definitions of Assumed Debt

Assumed Debt means any indebtedness of the Company the payment obligations in respect of which shall have been assumed by WNR pursuant to one or more Assumption Agreements.

Assumed Debt. The Debt of Company and its Subsidiaries which is assumed by Lakes and/or retained by the Non-Mississippi Group Subsidiaries in connection with the Distribution, as determined pursuant to Section 2.09.

Assumed Debt. As defined in Section 5.7.

Assumed Debt means the obligations of Crane Holdings, Co. as set forth on Schedule 1.1(9) to be assumed by Crane Company.

Assumed Debt. The Debt of Hilton and its Subsidiaries which is to be assumed by Park Place and/or retained by the Gaming Group Subsidiaries in connection with the Distribution, as determined pursuant to Section 2.08.

Assumed Debt the loans under the Existing UST Loan Agreement incorporated into and restated as Tranche C Loans hereunder pursuant to Section 2.5.

Assumed Debt means: (a) the aggregate amount outstanding as of immediately prior to the Closing under that certain Indebtedness indicated as “Assumed Debt” in Section 2.6(c)(i) of the Seller Disclosure Letter; and (b) that certain Indebtedness incurred after the date hereof solely as permitted under, and in compliance with, this Agreement, indicated as “Assumed Debt” in the Closing Statement.